Energy storage systems based around vanadium redox flow batteries (VRFBs) are being developed for residential use in Australia by partners Australian Vanadium (AVL) and Gui Zhou Collect Energy Century Science and Technology.
Major PV inverter manufacturer Sungrow has reported a significant recovery in revenue and profitability in the second quarter of 2020, including a jump in revenues from its energy storage business segment.
The head of the Smart PV division of Chinese technology giant Huawei has said that the high end residential energy storage market will be the company's entry point into a technology that helps integrate solar to the grid.
The new CEO at VRB Energy, a maker of vanadium redox flow battery energy storage devices, claims that ongoing improvements to its technologies will allow it to outcompete lithium-ion energy storage in the coming years.
The market for grid-connected energy storage will defy the “headwinds” caused by the coronavirus pandemic on industries across the world, analysis firm IHS Markit has predicted.
There was a near-70% increase in capacity of operational energy storage projects in China paired with solar energy from 2018 to 2019, according to figures recently published by the China Energy Storage Alliance (CNESA).
Sungrow is to partner with Huanghe Hydropower, providing PV inverter and energy storage systems for a major solar-plus-storage project in Qinghai Province, China.
Energy storage manufacturing giant CATL has partnered with Shenzhen KSTAR Science & Technology to construct a new lithium-ion battery manufacturing facility Fujian, China.
Targeting a national economic goal in mind of making hydrogen competitive with natural gas, Australia’s government has put AU$70 million (US$44.3 million) into a “deployment funding round” for renewable hydrogen.
Powin Energy has launched a set of three battery storage system products using CATL’s large form factor lithium-ion cells, including a system solution capable of 4+ hour duration and backed by a 20-year warranty.
The latest episode of the Solar Media Podcast is now available to stream, featuring considerable discussion around the ongoing COVID-19 pandemic and its impact on the energy storage sector.
The COVID-19 crisis is bringing into the public eye the US’ dependency on importing goods, particularly batteries for advanced energy storage and electric vehicles, the CEO of a battery materials startup has said.
A survey of COVID-19 impacts on China Energy Storage Alliance (CNESA) members has underscored their faith in recovery, despite the worries over income and liquidity reported by nearly 80% of respondents.
US-headquartered energy storage manufacturing startup KORE Power has said that its supply partner in China has resumed operations “and is presently working to meet KORE Power’s customer orders”.
The impact on supply chains during China’s most intense period of stopping the coronavirus (COVID19) from spreading had been “substantial”, contributing to a “pretty tough time,” for Oregon, USA-headquartered energy storage system maker Powin Energy.
China’s energy storage industry entered a period of “rational adjustment” in 2019, as overall growth in new projects and capacity slowed down, yet deployed around 519.6MW/855MWh of new electrochemical energy storage capacity domestically.
Dimitrios Pappas, analyst at new energy consultancy Delta-EE, considers the impact the novel coronavirus (COVID-19) could have on the energy transition, particularly for batteries used in EVs and ESS, while Energy-Storage.news editor Andy Colthorpe adds his own take.
Solar industry players target opportunities in the residential energy storage market in the US and elsewhere with the rollout and launches of new products.
Manz AG has signed an agreement with China’s Shenzhen Yinghe Technology for strategic cooperation in lithium-ion cell and module production.
GCL System Integration (GCL SI) has created a joint venture to expand its energy storage business in the Asia-Pacific region with US-Based energy storage technology provider Powin Energy.
While recycling of lithium and other materials such as cobalt from batteries will greatly increase in the coming years, the potential availability of second life batteries should not be underestimated, according to new research and data.
CATL sold 21.31GWh of lithium batteries in 2018, primarily to the EV market in China, but after exhibiting at two major trade shows in the west, claims its 12,000 cycle lithium iron phosphate batteries are ready to take on the stationary energy storage system (ESS) market, too.
Idaho-headquartered KORE Power claims it will have 6GWh annual production capacity for its lithium battery energy storage solutions, based on high-power nickel manganese cobalt (NMC) cells, up and running during the first quarter of next year.
News in brief from around the world of energy storage.
The US Energy Storage Association has expressed “deep concern” that additional tariffs slapped on Chinese goods will adversely affect the domestic energy storage industry.
Some choice words from conversations with Scott McGregor, CEO at redT, Avalon Battery president and chief product officer Matt Harper and NEXTracker’s chief technology officer, Alex Au.
BloombergNEF has predicted an exponential multiplying of non-pumped hydro energy storage installations around the world, culminating in nearly 3,000GWh of deployments by 2040.
RedT has confirmed it has agreed outline terms for a reverse takeover of fellow vanadium redox flow battery firm Avalon, a move which the firm said would create a “leading player” in the energy storage market.
Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found.
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China.